NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

The Challenges of Crypto Accounting Are To be Answered By One App: SMPLR Shares Its Vision On Helping Companies to Gain Full Control Over Their Finances

NewsBTC
NewsBTC
2 years ago
4 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Shortly after the SMPLR team announced pre-alpha access to their platform, the project is making waves with its unique approach to handling companies’ financial structure and helping enterprises all over the world to operate transparently.

It is no big secret that the world of finances has drastically changed in the past 10 years. Blockchain technologies are changing the lives of crypto enthusiasts, as well as companies are starting to utilize crypto payments in their work as crypto is getting adopted by the masses, and businesses do not want to miss these opportunities since such kinds of payments are cheap and fast. We might also consider the fact that accounting is an extremely conservative industry, with established practices, and accounting for crypto, because of its nature—anonymity, and isolation from fiat – is HARD. Therefore, the market strives for a new, unique vision for accounting fiat and crypto payments in one place: thus, financial management tools need to adopt.

The crypto accounting market is facing several challenges that make it difficult for businesses and individuals to accurately track their crypto assets. These challenges include incomplete and fragmented data, a wide variety of currencies and blockchains, constantly changing transaction data, and difficulties merging crypto and fiat payments.

Incomplete and fragmented data is a major problem in the crypto accounting market. There are many sources of data for crypto transactions, and it can be difficult to reconcile them all. This can lead to inaccurate accounting records and make it difficult to track the flow of funds.

Another challenge in the crypto accounting market is the wide variety of currencies and blockchains. There are hundreds of different cryptocurrencies and dozens of blockchains, each with its own unique features and characteristics. This can make it difficult for businesses and individuals to keep track of their assets and ensure that they are accurately valued.

Constantly changing transaction data is also a challenge in the crypto accounting market. The value of cryptocurrencies can be highly volatile, and prices can fluctuate rapidly. This means that accounting records need to be updated frequently to reflect the latest market conditions.

Finally, merging crypto and fiat payments can be a difficult process. Many businesses and individuals use both crypto and fiat currencies to make payments, and reconciling these transactions can be time-consuming and complex. This is especially true for businesses that need to comply with accounting and tax regulations in multiple jurisdictions.

A new financial management platform, SMPLR, could be an answer to all these questions. The system of detailed and transparent reports provides valid information about the company’s balance and all the transactions, while Web2 and Web3 finances are to be united in one convenient dashboard. SMPLR stands on the front line of all market demands, bringing in multichain support, and opportunities to consider different financial regulations and relevant financial management tools. Here is what the project’s CEO, Artem Kirillov, has to say about how the team sees the market’s future.

“The integration of fiat and crypto accounting is a critical step towards improving financial management in today’s fast-paced and ever-changing world. With the rise of cryptocurrencies, the demand for an app that considers income and spending alongside managing different regulations is extremely high. The SMPLR  platform is designed to cater to this need by providing various tools that facilitate seamless management of all types of financial processes inside the company.”

As we have looked at the general concept of the product, let’s talk more about the problems that SMPLR is to solve. According to the market research, the product team has performed with 50+ founders and C-level employees, these pains are the most significant:

1. Over 50% of the respondents acknowledged difficulties with payment delegation, particularly concerning marketing expenses
2. However, over 80% reported that gathering and organizing financial data is a significantly larger challenge.

If we are to mention some particular cases connected with the difficulties stated above, let’s look at issues a company had while operating with Web3 financial tools. A variety of small cryptocurrency payments for different purposes: giveaways, partner promotions, and bounties. Using exchanges for these transactions was impractical due to the need for 2FA, SMS, and email message verifications, which consumed a lot of time. Consequently, C-level employees had to manually process these payments using a b2c wallet and record them in a text file, since there were no available business solutions to track transactions at that time automatically.

If you are such a company, SMPLR could solve problems, such like:

1. Controlling the legitimacy of transactions;
2. Optimize the gas spending, exchange commissions, etc.;
3. Manage all meaningful transactions in one place (salaries and marketing expenses, for example);
4. Empower your employees to work with the company’s finances without providing any direct access to wallets and bank accounts.

And many more of them could be solved from one pilot seat and using one united dashboard.

Both for Web2 and Web3 enterprises, SMPLR provides a comprehensive set of tools and features to help them with solving key financial management problems. In the near future, the product plans to add the ability not only to track but also to manage assets in the crypto. There are some certain examples: the contacts feature to make sure you are sending your funds to the right person, and the advanced reports system to gather all the financial information you need. The key milestone of the product’s vision is to orient the customers’ pains and challenges, and these are the reasons certain tools are being developed or were already implemented on the platform.

SMPLR’s vision of a unified financial management platform is an exciting development in the world of fintech, and the pre-alpha access announcement has generated a lot of interest in dedicated media, like Yahoo Finance. With the full launch of the platform on the horizon, it’s clear that SMPLR is poised to revolutionize the way we think about financial management, bringing together the world of fiat and crypto accounting in a way that has never been done before.

Learn more about the platform here

About SMPLR

SMPLR is a full-cycle platform for SMB companies, self-employed businessmen, freelancers, and individuals that allows you to effectively track, use and manage cryptocurrencies and fiat funds. It allows to fully automate transaction records, to generate profit and loss statements in real time. A proprietary non-custodial wallet will help you securely manage assets and delegate payments within a team in one click.

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 4 days ago

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

On June 19, 2025, FUNToken officially froze its supply forever, locking the smart contract to ensure no future minting, no...

News BTC 5 days ago

Smart Contract Lock and CertiK Audit: The Driving Factors Behind $FUN’s Breakout

Web3 gaming’s FUNToken emerges with strengthened fundamentals following smart contract lock implementation and CertiK audit clearance. Trading at $0.009894 as...

News BTC 6 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

FunToken’s F2P Model: The Missing Link for Crypto Adoption

News BTC 10 hours ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 1 day ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

NewsBTC 2 days ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    8 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    8 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    8 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    8 hours ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.